SPAIN: The revolution of BBVA unlisted – EntornoInteligente

<- AUGURE_NOTICIA_INICIO -> SPAIN: The revolution of BBVA unlisted / Cinco Dias / The turmoil in the financial sector that caused Monday revolutionary change of organization approved by BBVA, with the replacement of CEO Angel Cano by up now responsible for digital banking as Carlos Torres paradigm shift towards the online world, has It has been received, however, with great calm in the markets and caution by analysts.

Most assessments issued these days by experts place more emphasis on the results achieved by the group in the first quarter and the challenges of the future and the entity in the impact, at least in the short term, may have the decisive technological bet of the group.

The news, announced on Monday market close, was digested by the market on Tuesday, when the value was down 2.38% more attributable to fear another default in Greece, which dragged the FTSE 2.74% lower, than to changes in the entity. The bank’s shares, in fact, close the week with a rise of 0.29%, to 9,131 euros

The key benefit. BBVA earned 1,536 million euros in the first quarter, up year of 146.2%, taking into account capital gains by selling 5.6% of China’s CNBC. Excluding this operation, yet the company would have earned 953 million, 52.8% more. An outcome in which trading even provides a 14% gross margin but analysts valued positively. BBVA also just become the largest bank in Spain for business after closing the purchase of Catalunya Banc

By geographic areas. Experts rate that profits will improve in all geographic areas except in Spain, where they fell by 9.6% in a year to 348 million weighted precisely 120 million dedicated to the digital transformation of the company in the quarter

Risks:. Barclays and Citi agree that the slow recovery Spain, Mexico EE_UU_y weak and the currency devaluation in Venezuela, as some of the main risks for the company.

Information Cinco Dias

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